As we know Nvidia has dropped 57% YTD.
My worst performing stock in 2022 is tipped to stage a comeback. I couldn't agree more as Nvdia is the leader in high end chips market. Betting On Nvidia is like doing the same to technology. Its market focus include data centres, cloud, AI, automotive & autonomous driving, robots, drones, supercomputing, graphics, among others. For that I know Nvidia is well positioned to recover despite its recent earnings misses by a wide margin. The industry as a whole has underperformed the market & Nvidia is no exception.
I still have faith in Nividia who used to be one of the the forerunners in the chips sector that has now been badly beaten by the market mainly due to inflationary factors, supplies chain disruptions & Biden's policy that restrict sales of high performing chips to China (although exemptions have been currently given for manufacture of its chip in China).
For now I'm taking a LT horizon on Nvidia.
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